Can My Business Survive this Crisis?

Many businesses are going to get hit hard – if not already – from the current Coronavirus pandemic. The economic disruption already falls in the trillions of dollars lost, putting households, small businesses, companies, and corporations into deep debt.

If we are all being honest, chances are, you might feel scared, uncertain and doubtful of what the future will bring:
What do I do now?

Should I let my staff go?

Do I aggressively save more money and eliminate expenses?

What’s going to happen with my clientele?

Will my clients stay with me or let me go?
The questions can go on and on and although there are no easy or right answers, what is happening is that we are being called upon to evolve, adapt and respond to change very quickly,
Here are a few ideas to start planning and implementing to help you navigate through this crisis:

Start with a three-month business strategy. You need to know exactly what you need to do and how to do it in the next 90 days. How is cash flowing into your business? What inventory can you reduce to free up cash? What other ways can you deliver your product and service? Focus on your mental and physical energy. Spend time understanding what your clients need now, how you can meet their needs and ways you can position yourself to be in front of people so they can know, like and trust you.

Market your business to reflect what is currently happening. As a collective, we are searching for leadership, certainty and income security. We are searching for answers to our current pains, not solutions to our future problems. Those who are going to seek your business right now must feel you can help them now and that their investment in your business is something they can rely on. Consider, who is your client and how will you position your business so that you can reach and speak directly to that person.

Incorporate more digital marketing. Being indoors, spending time online and with more people searching for solutions on the internet, this is the prime opportunity to focus on connection, conversation, and community in digital marketing strategies. Build your email list, grow your social media following, create ad campaigns to reach new audiences,

Believe you can grow your business and survive this crisis. Remember the days you said you wish you had time to work on that mini- business project, or a down week to implement new services, create new products or learn a new skill? Well, here it is. Now is the time to be giving more to your clients. Now is the time to help them meet their pressing needs and concerns. Now is the time to work through your strategic and marketing plan. Now is the time to grow your skills so you can grow your business. Be confident in your ability to figure things out.

Businesses that focus on these main areas are going to become successful. By paying attention to client needs and how to address them with your business effectively and efficiently, be reassured that, this too shall pass.

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Why People Take Sewing as a Hobby

The good thing about sewing as a hobby is it doesn’t need too many fancy tools to begin with. Most sewing enthusiasts share the same story of starting their love for sewing when they got hold of one of the old-fashioned basic sewing machines. Either inherited or a gift from loved ones or bought in some garage or thrift markets, their love for sewing basically take off from there. So why people love sewing for a hobby? Here are some of the reasons from people who list sewing for a hobby.

#1. It only requires simple skills

SewingIf you know basic stitching like running stitch, you can start sewing pieces of fabrics together to create a place mat, dishcloth and any simple household items. Simple running and backstitch can be done even by a four-year old kid. Threading a needle is also a simple task and from there, anybody can start sewing for fun or for some creative projects like a patchwork over a child’s dress or jumpsuits.

#2. It has minimal requirement for machines

Early civilization does sewing by hand and our great grandmothers produced great sewing projects without the aid of a machine. So, it’s not surprising that some sewing hobbyist even don’t own fancy sewing machines and depend much on basic sewing machines for their creations. As long as your sewing machine has the 4 basic stitches like straight, zigzag, blind hem and over lock, you can go a long way with it. You can create as many sewing projects as you want especially when you’re lucky to have a robust machine.

#3. Sewing opens door to self-fulfilment

Because you wear your own creation, sewing boosts your self-esteem. It gives the feeling that you’re helping the family economically because of the money saved from buying clothing essentials. It also gives you the chance to showcase your artistic skills and share it with loved ones and friends and even with the community.

 #4. Sewing open doors for great opportunities

Sewing for a hobby has led some to a lucrative career of blogging. You can find successful sewing bloggers online and all are thankful that they choose sewing for a hobby. Most of them earn through sponsorships from makers of elite brands of basic sewing machines. These sewing bloggers all started sewing as a hobby and with so many sewing enthusiasts out there, a new career was born out of their sewing for a hobby. Sewing video tutorials and sewing e-books are among the top sellers at Amazon and eBay shops.

Love sewing? Make it as a hobby and pass time productively and creatively.

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Preparing for the Fiscal Year and More

In businesses, firms, and organizations, people involved should know the Fiscal year or sometimes known as financial year or budget year. This is a period or a timeframe that a company and even the government use for their accounting purposes and for the preparation of their financial statements and other related documents. A complete one-year or twelve-month cycle or accounting period is called the End of Year Financial Year.

There may be times when the fiscal or financial year of a company may not be matched with the normal calendar year. A company can choose to make their fiscal year matched with the calendar year or not, depending on the company’s needs. It is also because of tax reasons.

Related Terms

What is depreciationIn studying fiscal years and accounting in general, one term usually looked into is depreciation. You may ask, ‘What is depreciation?’ Basically, depreciation is an indicator of how much of a specific asset’s value has already been used up. It is used in accounting to match the cost or expense of a certain asset to the overall income that the asset assists the company collect. To make this clearer, let us take this situation for example. Suppose a certain company wants to buy an appliance or piece of equipment for $100 000. If the company expects that item to last for about 10 years, it will be depreciated for over 10 years. Every fiscal year, the company will dole out $10 000, which will ultimately correspond with the money that the piece of equipment helps the company earn each year. This is assuming that straight-line depreciation is what happens. You may use a depreciation calculator to calculate the simple straight line depreciation of any asset you want to check.

Businesses can deduct or take off the cost of the physical assets they procure as their business expenses. Despite that, businesses and companies must depreciate their assets according to IRS rules. This is for Tax Depreciation, or the depreciation, which can be listed as an expense or expenditure on a tax return for a given period under applicable tax regulations and laws. In general, this leads to more immediate recognition of depreciation expenses. Under certain circumstances, tax laws allow the cost of a few fixed assets to be charged completely to the expense as sustained. This is why one tax year is the effective depreciation period.

These are just few of the things one must bear in mind when going into business and more so if you are practicing or studying accounting.

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Skin Care for Pregnant Women

pregnantskincarePregnancy is such a high time for every woman. Carrying a breathing life inside the womb is magical. The experience could be perfect if only hormonal imbalances would not give you problems about looking good.

One of the biggest nightmares of pregnant women is not getting that glow that would describe the happiness they feel inside. Most of the time, the overworking hormonal activity causes a variety of skin problems that make them feel less than pretty… and happy. Add to that, the fact that pregnant women have limited options on Skin Treatments that would be safe for their unborn child.

Even if you have a hefty supply of beauty products in your dresser, you can’t just use them just because they are tried and tested to eliminate your skin problems. The regular treatments you run to whenever you experience a breakout, a bump or discoloration may sometimes have to wait until you are after the child is born or after you are through nursing the newborn exclusively. You have to consult your healthcare provider first if the skin products or treatments do not contain ingredients that could harm your baby’s health. Below are some useful notes. Read on:

On Getting Rid of Tattoo

skincareThere are Tattoo Removal creams that contain harmful chemicals and they must not be used during pregnancy. However, if you are opting for a laser treatment, which only causes a superficial burn that do not get through the outer layer of the skin, health experts find it overall safe.

On Acne Attack

You might be used to seeing a zit in your face every now and then but since you can experience an awful crop during pregnancy, acne is considered a huge beauty problem that mommies-to-be are pretty conscious about. Unfortunately, you cannot rely on your usual products that contain salicylic acid, benzoyl peroxide, or any retinoid. What you can do instead is to look for skin care products that are sulfur-based and contain alpha hydroxy acid or glycolic acid for the most part.

On Skin Pigmentation

Having that pregnancy mask is one of the common complains among expectant mothers. The pigmentation or the appearance of dark patches that usually on the face can be irritating. What you can do is to stay out of the sun as much as possible as it is usually exposure to the harmful rays that make the discoloration problem worse. You may also use a topical vitamin C product or those that contain azelaic acid for safe Skin Rejuvenation.

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